Loan Comparison: 2.85% vs 6.5%
24751 152nd, Brighton, CO 80603 · 4bd/3ba · $999,999
List Price
$999,999
Assumable Rate
2.85%
Remaining Balance
$345,786
Equity Gap
$528,269
Loan Type
FHAAdjust Your Scenario
$50,000
$50,000$528,269
8.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 2.85% (FHA)
Blended Rate: 6.13%
Monthly Payment Comparison
New Conventional @ 6.5%
$6,005/moAssumable @ 2.85% + gap loan
$5,107/moAssumed loan: $1,430/mo
Gap financing: $3,677/mo
$897less per month with the assumable
Your Savings on This Property
24751 152nd, Brighton · 2.85% FHA vs 6.5% conventional
$897
per month
$10,766
per year
$322,971
over 30 years
$197,027
interest saved
How gap financing works: The equity gap ($528,269) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($50,000, 5% of purchase price) and a second mortgage for the rest ($478,269 at 8.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
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